gretel
21 Apr 2016
50% upside on 400p analyst target Cantor Fitzgerald retain their Buy and 400p valuation today:[link]
gretel
21 Apr 2016
Results look ahead of expectations? Results are out - the adjusted PBT and EPS seem nicely ahead of forecasts.The dividend at 2.5c, i.e 1.78p, is ahead of forecasts too (forecast was 1.62p).Adjusted EPS is 27.8p per Note 5 at 39.19c - this compares to the 23.88p forecast.Pretty complicated set of results to look through. The summary is that the US and Asia are doing really well, the Middle East is also doing fine, and Europe is challenging.In particular, GMAA have $8.5m cash, with $3m more to come from airplane sales, and are definitively looking to make already identified acquisitions.
gretel
10 Apr 2016
Good new article Very good and long article here about GMAA's Asian expansion and other matters - it seems there's lots of news in the pipeline:Extracts:"GAMA Aviation Shaping Strategy for Asia-Pac Region by Ian Sheppard April 8, 2016, 9
0 PMGAMA Aviation (Booth P362) is exhibiting here just over a year after it formed GAMA Aviation Hutchison (Hong Kong) Ltd., a 50:50 joint venture with Hutchison Whampoa. The joint venture, which now operates three aircraft on behalf of their owners, is based in Hong Kong but also “has access� to maintenance facilities in Beijing.Keith Marshall, senior executive with GAMA Aviation based in Hong Kong, told AIN, “We’ve been really getting to grips with what is essentially a GAMA template for a ‘node’ in the Group–which can also draw on Group competencies.�A former British Army helicopter pilot turned aerospace executive, Marshall has been running the operation in Hong for about a year now. “It took a couple of years [before that] to establish the joint venture with Hutchison–up until a year ago when we booked some aircraft under management and put people in place. “We’ve started to put together a regional platform for Asia Pacific, which is in two parts really–China, with all its particular challenges, and the rest of the region, such as Indonesia and the Philippines,� said Marshall. “So now we have the [aircraft] management and [maintenance] capability that allows us to reach into China. We have established relationships in Beijing and elsewhere in the region and we’re already starting to spread our wings.� Marshall said that there had been progress that he could not yet divulge, but that he expected that the company would be ready to make some announcements at some point this year. “We’ve got a strategy and a plan–and yes we’ll be developing FBOs and other capabilities in the region.�..... ....GAMA’s headquarters remains at Farnborough in the UK, but in recent years it has established Geneva, Sharjah and Glasgow facilities as well as ventures in the U.S. where it operates and support aircraft for membership operator Wheels Up. Most recently, it acquired Aviation Beauport, an FBO operation in Jersey, UK, which is now GAMA Aviation Jersey. This has added four more aircraft to GAMA’s fleet “and brings light jets into the charter fleet,� said Daines. In Glasgow, GAMA “just went through the formal launch of Hangar 2,� noted Daines, while in continental Europe, he said, GAMA had just signed a contract for a hangar facility in Nice, France. “It’s an interesting bizav entry point, and movements can get intense there,� he said. Daines also said there would be some “interesting news� on the helicopter side soon, which GAMA+ hopes to announce before this year’s EBACE show in Geneva."
king sinbad
22 Mar 2016
Re: Moving up nicely Yes, I noticed that.it seems anyone who buys even a nominal amount, will have to buy at well over the odds.
gretel
22 Mar 2016
Moving up nicely ...with buying at 288p today.With 30.2p EPS forecast for this year GMAA is still on a single-digit P/E, so lots of upside imo for a market leader and consolidator.Hopefully we'll get a good run-up before the results "by the middle of April 2016", which we already know will be at least in line with expectations.There were only a maximum 150 shares available to buy online yesterday. - encouraging stuff.
gretel
01 Mar 2016
Re: Director dealings Not bad at all - 65,000 shares bought at 268p, i.e around £175,000, so quite significant amounts.As sharegardener points out, the buys are timed at the very last moment the directors could buy before the closed period kicks in pre-results. Which indicates that the results and outlook should be good, as per the in-line trading statement.Finally, it's particularly interesting to see the CFO buying over £50,000 of stock - in a maiden purchase. This is usually a very good signifier.
